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Re: leo_nj2005 post# 10441

Monday, 06/22/2009 2:17:03 PM

Monday, June 22, 2009 2:17:03 PM

Post# of 10923
BAE ceo resigns--> note the effective date 6/26/09... and they have no permanent replacement according to the news! would this happen if BAE was to be awarded the M-ATV? i don't think so...

http://washington.bizjournals.com/washington/stories/2009/06/22/daily4.html

BAE Systems president resigns
Washington Business Journal - by Tierney Plumb Staff Reporter

* BAE Systems president resigns [06/22/2009]
* BAE Systems president resigns [06/22/2009]
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BAE Systems, whose North American operations are based in Rockville, said its executive director Walt Havenstein has quit.

Walt resigned as a director and chief operating officer of BAE Systems plc and president and CEO of its subsidiary BAE Systems Inc.

The resignation is effective June 26 and he will exit the employment of BAE Systems Sept. 20.

Pending appointment of a permanent replacement, BAE Systems Inc. board member Tony Zinni was named acting president and CEO of BAE Systems Inc.

“I would like to thank [Walt] for his dedication and leadership during his time as an executive director and for his part in the successful execution of BAE Systems’ global strategy and to the growth of the US based business, BAE Systems Inc.,” said Dick Olver, chairman of BAE Systems.

Last year the defense giant has sales exceeding $34.4 billion.

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